Learning from last Week: (click here for the previous post)
Patterns:
Index faces resistance at the Monthly Fork's top Tyne again #Monthlychart.
Support & Resistance:
The Index again gets support near the Middle Tyne of the Day Fork #Dailychart. Resistance was again at the Top Tyne of the Month Fork #Monthlychart.
Moving Averages:
The critical EMA5, is bullishly above the MA13, on all Screens.
Indicators:
The RSI is oversold #WeeklyChart.
Wrap:
The top tyne of the Month fork resists the Bulls again #Monthlychart.
Looking forward into this Week:
Patterns:
Month fork with a Span of 25 years - sees the Price touch its top tyne and revert. Bulls need to breakout here, or index could fall to the fork's middle tyne.
Support & Resistance:
Middle Tyne of the Week Fork, is support and the Top Tyne of the Month Fork is again resistance.
Moving Averages:
5 EMA on the Week chart (2282), is the mark, that the Bears want to close below, this week #WeeklyChart.
Indicators:
STS slips from the over sold #DayChart.
Wrap:
Bulls are again at the Long term Channel top, now desperate for a breakout #MonthChart.
Bears hope to use the current resistance to go down below 2282 #Weeklychart.
Looking forward into this Week:
Patterns:
Month fork with a Span of 25 years - sees the Price touch its top tyne and revert. Bulls need to breakout here, or index could fall to the fork's middle tyne.
Support & Resistance:
Middle Tyne of the Week Fork, is support and the Top Tyne of the Month Fork is again resistance.
Moving Averages:
5 EMA on the Week chart (2282), is the mark, that the Bears want to close below, this week #WeeklyChart.
Indicators:
STS slips from the over sold #DayChart.
Wrap:
Bulls are again at the Long term Channel top, now desperate for a breakout #MonthChart.
Bears hope to use the current resistance to go down below 2282 #Weeklychart.
